On July 1 President Trump made his first flight on a new presidential aircraft gifted by the Qatari government, praising it and saying the US "couldn't build a plane like this." He departed for North Dakota to attend the opening of the Theodore Roosevelt Presidential Library and told reporters before boarding he was excited and that "no one has ever seen a plane like this before."

US Department of Justice sued Virginia, alleging the state's firearms ban is unconstitutional. The DOJ also sued California, seeking to block the state's ban on Glock handguns.

S&P 500 is consolidating ahead of Thursday's US nonfarm payrolls, with traders eyeing dip-buying, a triangle-pattern risk and a possible move toward 7,600. Wednesday's session was volatile after some front-running ahead of the print. Consensus expects +114k jobs and a 4.3% unemployment rate. Analysts say any sell-off during Thursday trading—unless payrolls show an unusually strong beat—would be a buy-on-dip opportunity. Market focus will be on how actual data compare with expectations; an in-line print could be uneventful, confirming continued US economic activity and leaving short-term pullbacks as potential buying opportunities.